Exporters with credit limit of up to Rs 50 crore to get 90% insurance cover: ECGC
The change comes into effect on July 1, 2023 and expected to benefit around 3,000 exporter-borrower accounts, commerce and industry minister Piyush Goyal said on Friday. “Last year ECGC Ltd extended cover under Export Credit Insurance for banks (ECIB) scheme for the accounts with export credit working capital limits up to Rs 20 crore sanctioned by the banks with enhanced cover of 90%,” Goyal said.
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